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MEAG wins the SimCorp StrategyLab Risk Management Excellence Award 2009

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MEAG was announced the winner of the SimCorp StrategyLab Risk Management
Excellence Award 2009 at a ceremony in Luxembourg 17 September. The
announcement was made in front of an audience of 200 senior delegates of the
international investment management industry. 

MEAG, Munich Re's global asset manager, was named the winner after thorough
evaluation of entries by an international jury consisting of distinguished
specialists and academics within finance, governance and risk management. The
jury included Professor Caspar Rose of Copenhagen Business School, Professor
Renée Adams of University of Queensland, Professor and Director of SimCorp
StrategyLab Ingo Walter of Stern School of Business (NYU), and SimCorp's
Executive Vice President, Peter L. Ravn. The assessment was based on MEAG's
achievements and developments in the field of risk management in the period
from 1 August 2008 to 31 July 2009. 

The award was given to MEAG because of the company's thought-through and
implemented risk policy. Specifically, the jury was impressed by the fact that
risk management was regarded an issue of significant, strategic importance even
before the financial crisis broke out and that systems, policies and processes
were in place accordingly. 

“You really need risk excellence in our industry”, said Dr Peter Schenk, Head
of Investment Controlling, who accepted the award on behalf of MEAG. “To MEAG
it is a matter of having a strong risk culture throughout the firm. This
includes strong board support, clear separation of risk management and front
office functions, and explicitly defined risk related processes. Our risk
framework ensures we produce risk-return-profiles with the best possible fit to
investors' liability profiles and risk preferences. Today we are in a solid
position and, above all, have kept our options open.” 

The award has been established for the purpose of rewarding and promoting best
practise within risk management in the global investment management industry. 

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Enquiries regarding this announcement should be addressed to: 
Lars Falkenberg, Assistant Director, SimCorp StrategyLab (+45 35 44 88 00, +45
26 30 01 27) 

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About MEAG
MEAG MUNICH ERGO AssetManagement GmbH in Munich is the asset manager of Munich
Re and ERGO Insurance Group. With offices in New York and Hong Kong, MEAG has
an international orientation and also manages the assets of clients outside
Munich Re and ERGO. MEAG currently manages assets to the value of around EUR
186 billion. The subsidiary MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH is
responsible for the investment business with private and institutional clients. 

SimCorp StrategyLab 
SimCorp StrategyLab is a private research institution, headed by Mr Ingo
Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics
at Stern School of Business, New York University. SimCorp StrategyLab research
work focuses on identifying, understanding and suggesting solutions to issues
pertaining to mitigating risk, reducing cost and enabling growth in the
investment management industry. www.simcorpstrategylab.com

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